Sie sind auf Seite 1von 8

14/06/2017

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
14/06/2017

Crude Oil Stays Under Rs 3K On MCX:


WTI oil prices pared their recent gains and dropped in
Asia as some profit booking took place. The
commodity has recovered from its one month low but
sentiments remain muted amid a global supply
overhang. The counter currently quotes around $46
per barrel, down around one percent on the day. MCX
Crude oil ended just under Rs 3000 per barrel
yesterday and should see a tepid opening today.

Large speculators added to their net long positions in


the WTI crude oil futures markets last week for a
fourth consecutive week, according to the latest
Commitment of Traders (COT) data released by the
Commodity Futures Trading Commission (CFTC) on
Friday.

Copper Settles Down, As Sellers Become Active:

Indian Copper settled at Rs 369.8 per kg at the time


of closing. On the higher side, Rs 375 per kg was
tested while on the lower side Rs 366 per kg was
noted. Copper is going down the barrel for the second
day in a row as anxiety in relation to Chinese
provinces faking economic data. Remember, Copper
is interlinked to a great extent by the growth of
Chinese economy.

Gold Mixed Ahead Of Fed:


Soaring global equities are weighing on Gold ahead of
the Fed meeting. US stocks ended in a positive
manner on Tuesday. With the upward move, the Dow
and the S&P 500 both climbed to new record closing
highs. COMEX Gold has dropped from its seven month
high and currently lingers just around $1270 per
ounce levels. MCX Gold futures ended well under Rs
29000 per 10 grams and should see a mixed outing
today.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
14/06/2017

TECHNICAL ANALYST

GOLD
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 29100, 29200.

SUPPORT: - 28900, 28800.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

The prices of Refined Gold declined ground with session ending at Rs 28950 per 10 grams down 0.87%. The metal
tested a high of Rs 28991 per 10 grams and a low of Rs 28810 per 10 grams. Resistance for Gold is at Rs 29250 and
29400 per 10 grams. Meanwhile, Supports for Gold is at Rs 28700 per 10 grams.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
14/06/2017

OUTLOOK:
SILVER
TREND: - DOWN

RESISTANCE: - 39100, 39250.

SUPPORT: - 38800, 38650.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

The Prices of silver were down on Monday. And at end of the day the prices were settled at 39771 per 30 kilogram.
On the higher side Rs 39085 per 30 kilogram as resistances were noted while lows were at Rs 38632 per 30
kilograms as support noted. The metals remain under a volatile zone.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
14/06/2017

COPPER
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 372.50,375.

SUPPORT: -367.50, 364.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

The prices of copper maintained downtrend in the session ending Tuesday. This week has marked some ideal selling
sessions for Copper. Indian Copper settled at Rs 369.8 per kg at the time of closing. On the higher side, Rs 375 per
kg was tested while on the lower side Rs 366 per kg was noted. Resistance for Copper is at Rs 376 and 380 per kg.
Supports of Rs 365 and 360 per kg is active.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
14/06/2017

CRUDE OIL

OUTLOOK:

TREND: - DOWN

RESISTANCE: - 3000, 3030.

SUPPORT: - 2940, 2910.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

Renenwed selling interest was noted in Crude Oil prices the session saw benchmark contract declining by 0.27%. The
prices of Crude Oil ended at Rs 2990 per barrel. On the higher side Rs 2996 per barrel was tested. On the lower side
Rs 2938 per kg was noted. Resistance for Crude Oil is at Rs 3050 and 3150 per barrel. Supports for Crude Oil is at Rs
2920 per barrel. On Tuesday, Crude Oil tested a high of Rs 2996 per barrel and a low of Rs 2938 per barrel.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
14/06/2017

DISCLAIMER

The information and views in this report, our website & all the service we provide
are believed to be reliable, but we do not accept any responsibility (or liability) for
errors of fact or opinion. Users have the right to choose the product/s that suits
them the most.

Sincere efforts have been made to present the right investment perspective. The
information contained herein is based on analysis and up on sources that we
consider reliable.

This material is for personal information and based upon it & takes no
responsibility.

The information given herein should be treated as only factor, while making
investment decision. The report does not provide individually tailor-made
investment advice. Trade India Research Recommends that investors independently
evaluate particular investments and strategies, and encourages investors to seek
the advice of a financial adviser. Trade India Research shall not be responsible for
any transaction conducted based on the information given in this report, which is in
violation of rules and regulations of NSE and BSE.

The share price projections shown are not necessarily indicative of future price
performance. The information herein, together with all estimates and forecasts,
can change without notice. Analyst or any person related to Trade India Research
might be holding positions in the stocks recommended. It is understood that
anyone who is browsing through the site has done so at his free will and does not
read any views expressed as a recommendation for which either the site or its
owners or anyone can be held responsible for . Any surfing and reading of the
information is the acceptance of this disclaimer.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
14/06/2017

All Rights Reserved.

Investment in Commodity and equity market has its own risks.

We, however, do not Touch for the accuracy or the completeness thereof. we are
not responsible for any loss incurred whatsoever for any financial profits or loss
which may arise from the recommendations above. Trade India Research does not
purport to be an invitation or an offer to buy or sell any financial instrument. Our
Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward
or share our calls or SMS or Report or Any Information Provided by us to/with
anyone which is received directly or indirectly by them. If found so then Serious
Legal Actions can be taken.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

Das könnte Ihnen auch gefallen